Lecap Asset Management Ltd. Makes New Investment in APi Group Co. (NYSE:APG)

Lecap Asset Management Ltd. acquired a new stake in APi Group Co. (NYSE:APG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 28,550 shares of the company’s stock, valued at approximately $943,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APG. Whittier Trust Co. raised its stake in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after buying an additional 752 shares during the period. J.Safra Asset Management Corp grew its stake in APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after buying an additional 776 shares in the last quarter. Motco acquired a new stake in shares of APi Group during the 1st quarter worth approximately $83,000. Triad Wealth Partners LLC bought a new position in shares of APi Group in the 2nd quarter valued at $132,000. Finally, SG Americas Securities LLC bought a new position in APi Group in the third quarter valued at about $165,000. 86.62% of the stock is owned by institutional investors.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Louis Lambert sold 6,333 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,358 shares of company stock valued at $11,653,157. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

APG has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays cut their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average price target of $43.86.

APi Group Stock Performance

NYSE:APG opened at $33.56 on Thursday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of -15.61 and a beta of 1.55. APi Group Co. has a 1-year low of $24.98 and a 1-year high of $39.98. The business has a 50 day moving average of $33.92 and a 200 day moving average of $35.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38.

APi Group (NYSE:APG) last issued its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. APi Group’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. On average, sell-side analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.